Caseware UK (AP4) 2018.0.196 2018.0.196 2019-09-30 2019-09-30 2020-05-19 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. true false a false 2018-10-01 1947623 2018-10-01 2019-09-30 1947623 2019-09-30 1947623 2017-10-01 2018-09-30 1947623 2018-09-30 1947623 c:Director12 2018-10-01 2019-09-30 1947623 d:FurnitureFittings 2018-10-01 2019-09-30 1947623 d:FurnitureFittings 2019-09-30 1947623 d:FurnitureFittings 2018-09-30 1947623 d:FurnitureFittings d:OwnedOrFreeholdAssets 2018-10-01 2019-09-30 1947623 d:OfficeEquipment 2018-10-01 2019-09-30 1947623 d:OfficeEquipment 2019-09-30 1947623 d:OfficeEquipment 2018-09-30 1947623 d:OfficeEquipment d:OwnedOrFreeholdAssets 2018-10-01 2019-09-30 1947623 d:OwnedOrFreeholdAssets 2018-10-01 2019-09-30 1947623 d:CurrentFinancialInstruments 2019-09-30 1947623 d:CurrentFinancialInstruments 2018-09-30 1947623 d:Non-currentFinancialInstruments 2019-09-30 1947623 d:Non-currentFinancialInstruments 2018-09-30 1947623 d:CurrentFinancialInstruments d:WithinOneYear 2019-09-30 1947623 d:CurrentFinancialInstruments d:WithinOneYear 2018-09-30 1947623 d:RetainedEarningsAccumulatedLosses 2019-09-30 1947623 d:RetainedEarningsAccumulatedLosses 2018-09-30 1947623 c:FRS102 2018-10-01 2019-09-30 1947623 c:Audited 2018-10-01 2019-09-30 1947623 c:FullAccounts 2018-10-01 2019-09-30 1947623 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2018-10-01 2019-09-30 1947623 c:CompanyLimitedByGuarantee 2018-10-01 2019-09-30 1947623 c:SmallCompaniesRegimeForAccounts 2018-10-01 2019-09-30 iso4217:GBP xbrli:pure
Company registration number: 







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2019


WORLD COAL ASSOCIATION
(A company limited by guarantee)






































img2e57.png                         

 


WORLD COAL ASSOCIATION
  
(A Company Limited by Guarantee)
REGISTERED NUMBER: 1947623



STATEMENT OF FINANCIAL POSITION
AS AT  30 SEPTEMBER 2019

2019
2018
Note
£
£
   

Tangible assets
 4 
16,064
13,085

   
16,064
13,085

Current assets
   

Debtors: amounts falling due after more than one year
 5 
-
29,012

Debtors: amounts falling due within one year
 5 
360,317
607,893

Bank and cash balances
   
858,366
404,778

   
1,218,683
1,041,683

Creditors: amounts falling due within one year
 6 
(1,112,832 )
(939,300 )

Net current assets
   
 
 
105,851
 
 
102,383

Total assets less current liabilities
   
121,915
115,468

Provisions for liabilities
   

Other provisions
   
(12,250 )
(2,868 )

   
 
 
(12,250 )
 
 
(2,868 )

Net assets
   
109,665
112,600

Capital and reserves
   

Income and Expenditure account
   
109,665
112,600

   
109,665
112,600


Page 1

 


WORLD COAL ASSOCIATION
  
(A Company Limited by Guarantee)
REGISTERED NUMBER: 1947623


    
STATEMENT OF FINANCIAL POSITION  (CONTINUED)
AS AT  30 SEPTEMBER 2019

The  financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by : 




Director

Date:  19 May 2020

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


WORLD COAL ASSOCIATION
 
(A Company Limited by Guarantee)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

General information

World Coal Association is a private company limited by guarantee incorporated in England and Wales. The address of the registered office is 20 St Andrew Street, Holborn Circus, London, United Kingdom EC4A 3AG.

2. Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of  Financial Reporting Standard 102, the Financial Reporting Standard applicable in  the UK and the Republic of Ireland and the Companies Act 2006 .

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The Coronavirus pandemic has created significant uncertainty globally and the Association is not immune to this. In response to the pandemic and uncertainty, the directors have taken measures in order to safeguard cash flow that they believe should enable the Association to continue to operate and achieve its strategic initiatives. 
The emergence and spread of COVID-19 in 2020, the associated social distancing measures and imposed travel restrictions have impacted the organisation globally. The directors are working to ensure the safety of their employees and maintaining the continuity of their operations as far as they are able, whilst adhering to Government advice. The Association is in a position where staff can continue to work remotely and therefore minimise the impact on planned projects.
At the time of approval of these financial statements the directors believe that members will continue to pay their subscriptions as they fall due and that this mitigates the uncertainty related to the aforementioned conditions that may cast any significant doubt on the Association’s ability to continue as a going concern. Therefore, it is the directors’ opinion that the going concern basis of preparation of the Financial Statements continues to be appropriate.
 

2.3

Income

Subscription income is represented by membership fees to the Association for the year commencing October to September the following year and is stated net of value added tax. 
Subscription income is recognised in the period to which it relates. It is invoiced in advance prior to October and expected to be settled by the members by 1 October. 
Subscriptions outstanding are recognised as subscriptions receivable in debtors whilst payments received in advance for the following year are recognised as deferred income.
Other income represents additional fees invoiced to the members in the Executive Committee to cover its budgeted expenses. 

Page 3

 


WORLD COAL ASSOCIATION
 
(A Company Limited by Guarantee)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

2. Accounting policies (continued)

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Furniture Fixtures and fittings
-
per annum
Office equipment
-
33 %
per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Expenditure.

Page 4

 


WORLD COAL ASSOCIATION
 
(A Company Limited by Guarantee)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

2. Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. 

2.6

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of Income and Expenditure in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

2.7

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Expenditure on a straight line basis over the lease term.

2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Expenditure when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.9

Taxation

The Association is subject to tax on interest received only.

The average monthly number of employees, excluding directors, during the year was  5  (2018 - 6 ) .

Page 5

 


WORLD COAL ASSOCIATION
 
(A Company Limited by Guarantee)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019




Office equipment
Total

£
£
£



Cost or valuation


At 1 October 2018
21,869
32,960
54,829


Additions
2,080
7,902
9,982



At 30 September 2019

23,949
40,862
64,811



Depreciation


At 1 October 2018
21,286
20,458
41,744


Charge for the year on owned assets
270
6,733
7,003



At 30 September 2019

21,556
27,191
48,747



Net book value



At 30 September 2019
2,393
13,671
16,064



At 30 September 2018
583
12,502
13,085

Page 6

 


WORLD COAL ASSOCIATION
 
(A Company Limited by Guarantee)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019
2019
2018
£
£

Due after more than one year

Other debtors
-
29,012

-
29,012


2019
2018
£
£

Due within one year

Subscriptions receivable
254,888
545,180

Other debtors
48,844
20,806

Prepayments and accrued income
56,585
41,907

360,317
607,893


2019
2018
£
£

Trade creditors
5,340
4,564

Corporation tax
196
58

Other taxation and social security
21,149
22,071

Other creditors
278
185

Accruals and deferred income
1,085,869
912,422

1,112,832
939,300



7.

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1.00. towards the assets of the company in the event of liquidation.

The auditors' report on the financial statements for the year ended 30 September 2019 was unqualified.

The audit report was signed on  2 June 2020  by  Richard Watson FCCA  (Senior statutory auditor) on behalf of  Menzies LLP .

 
Page 7